GREY:TCEGF - Post by User
Post by
2investorknoton Jul 21, 2015 2:19pm
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Post# 23945521
Pleased to report ?
Pleased to report ?See the Sedar filing --
I always am amused or puzzled why a company says that they are "pleased to announced" a dilutive private placement.
pleased to announce a non-brokered private placement (the “PrivatePlacement”) of up to 8,000,000 units (the “Units) at a price of CAN$0.075 per Unit, for total gross proceeds of up to CAN$600,000
What of course makes the pp particularly troubling is that it is just for "corporate development and general capital purposes". That of course might simply translate for keeping management and directors consult fees in tact and the lights on in an office which Lord knows why it is even needed considering the lack of any activity.
Going to .05 before the end of the summer imo.